Vancouver Real Estate Statistics

Vancouver Real Estate statistics, market trends, buying advice and opportunities.

There are currently 4 blog entries related to this category.

If you're planning to sell your Greater Vancouver home this year, it pays to live near public transportation.  As more and more people shift their home buying dreams to places outside the city's boundaries, a top question on their minds is, "How close is it to the SkyTrain?"

When you list your Burnaby, New Westminster or Chilliwack home for sale, don't be surprised if potential buyers are more interested in commuting times than they are in square footage and bathrooms.

Every minute -- and every step -- counts when it calculating daily commute times.   If you don't regularly use public transportation yourself, get a primer from your neighbors or real estate agent so you can answer buyers' questions with confidence.

Strong Demand for Homes in

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A stagnant real estate market is never a good thing -- not for home buyers, home sellers, investors or the general economy.  It is almost always possible to take advantage of market trends and come out ahead.  But there's a big difference between taking a smart approach and a dishonest one, as a recent example demonstrates.

Recent trends in the Greater Vancouver real estate market have some worried.  In large part, this fear has prompted inaction -- what chef economist at the B.C. Real Estate Association, Cameron Muir, described as “a wait-and-see approach.” .

In fact, the fear-derived lull in the housing market due to a showdown between consumers and sellers has caused a 14.3 percent decrease in the number of homes sold in Greater Vancouver in

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The decision to buy a house is a little like the decision to have a baby -- there's no such thing as the perfect time.  But it helps to make an informed decision, to weigh need against desire and facts against speculation.

So, if you're considering buying Vancouver real estate  in 2013, here are 6 things to think about:

  1. 1.    Home Sale Prices

Home prices in the Vancouver area declined 2.3 percent over the course of the past year, according to the MSL Home Price Index, as reported by the Real Estate Board of Greater Vancouver (REBGV).  The average price of a home in Greater Vancouver was $590,800 in December.  This is a decline of 5.8 percent from the peak reached in May when the average selling price was $625,100.

Averages and fluctuations in

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Here, we will cover just some of the emergent trends for the Vancouver real estate market during 2012. The year was a key one for buyers as for the first time in several years, the tides shifted in their favor. But swirling through real data were also reports in the media about shifts in the market that weren’t truly validated by the real situation, which distorted buyer and sentiments alike and may have actually altered the mood in favor of one over the other.

General Trends

As a general trend, Vancouver real estate sales showed a definite lean towards the buyers’ market. For example, Vancouver West showed a near-consistent drop in sales by about mid-year –14% to 18%, depending on which 12-month period you’re looking at. While this was not by any

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